Question

Explain the role of MNCs in economy .

Answer should be atleast in 7 points with explanation.

Class - 10th
Chapter - Globalisation and The Indian Economy .

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Answer 1

What are MNCs:-

MNCs are the multi national companies who trade in another country as to earn profit.

Role of MNCs

1. Provide employment:- MNCs provide employment to unemployed people. They give opportunities to people to do jobs.
2. Increasing economy:- The MNCs help in increasing the economy of a country by selling their products.
3. Share technology:- MNCs share their technology as they come in a particular country with a motive of production. Hence, they also help in improving technology.
4. Provide job and opportunities:- They help people of a country to develop at international level.

Answer 2

Answer:

i. MNCs place order for production with small producers

ii. MNCs are setting up partnerships with local companies.

iii. They are interlinking markets all over the world.

iv. They can increase the flow of foreign capital.

v. Besides, it is through multinational corporations that modern high technology is transferred to the developing countries.

Explanation:

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